Gulf Of Mexico News

 

Last Offshore Oil Auction Under Trump Shows Gulf of Mexico's 'Long future' - Officials

Nov 19, 2020

The Trump administration's final sale of oil and gas leases in the Gulf of Mexico generated nearly $121 million in high bids on Wednesday, an improvement from the last government auction held just as the coronavirus pandemic was beginning to depress world demand for fuel.The sale was the last before the January inauguration of President-elect Joe Biden, a Democrat who has pledged to ban new drilling on federal lands and waters…

Last U.S. Offshore Oil Lease Under Trump to Test Industry Demand

Nov 18, 2020

The Trump administration on Wednesday will offer all available areas in the Gulf of Mexico for auction to oil and gas companies in its final offshore sale before the January inauguration of President-elect Joe Biden, a Democrat who has pledged to ban new drilling on federal lands and waters…

U.S. BOEM to Hold First 2021 Offshore Oil and Gas Lease Sale in March

Nov 17, 2020

Bureau of Ocean Energy Management (BOEM), a Department of Interior agency responsible for the management of offshore energy leases, has picked March 2021 for the first U.S. Gulf of Mexico lease sale next year.BOEM will offer 78.2 million acres for a region-wide Gulf of Mexico lease sale…

Hess, BHP Complete $505M Shenzi Field Transaction

Nov 06, 2020

U.S. oil firm Hess has completed the sale of its interest in the U.S. Gulf of Mexico Shenzi deepwater oil field to BHP for $505 million.The deal, announced in October, sees BHP taking over Hess' 28 percent stake in the six-lease development in the U…

Gulf of Mexico Pipeline Operator to Lose $50M Due to Storms

Nov 05, 2020

Genesis Energy LP said it expects to lose as much as $50 million this year due to a battery of storms that hit the U.S. Gulf of Mexico and forced lengthy offshore oil and gas production shut-ins, Chief Executive Grant Sims told investors on Thursday…

OP/ED: U.S. Offshore Energy No Longer An “Either/Or” Proposition

Nov 03, 2020

Under the Trump Administration, Americans have enjoyed the benefits of consecutive increases of record-high oil production from the U.S. Outer Continental Shelf (OCS) for 2018-2019. During this same time period, the Bureau of Safety and Environmental…

U.S. Oil Output in August Fell 3.6% After Storms Shut Gulf of Mexico Facilities

Nov 02, 2020

U.S. oil output fell 3.6% to 10.6 million barrels per day (bpd) in August as offshore Gulf of Mexico production collapsed to a near seven-year low, the U.S. Energy Information Administration (EIA) said in its monthly 914 production report on Friday…

Hurricane Zeta Slams Louisiana. Shuts 231 Offshore Platforms in Gulf of Mexico

Oct 29, 2020

Hurricane Zeta smashed into Louisiana on Wednesday with 110-mile-per-hour (175 kph) winds and what government trackers called 'a life-threatening storm surge,' the third hurricane to hit the U.S. Gulf Coast state this year.Zeta's extremely dangerous…

Hess Cuts 2020 Output Forecast Slightly Due to Hurricanes, Lower SE Asia Production

Oct 28, 2020

U.S. oil and gas producer Hess Corp reported a bigger-than-expected quarterly loss on Wednesday and slightly lowered its full year production forecast, as its operations were hit by hurricanes in the Gulf of Mexico and lower production in South East Asia…

Hurricane Zeta Enters Gulf of Mexico. Oil Firms Shut 16% of Output

Oct 27, 2020

Energy firms and ports along the U.S. Gulf Coast were bracing on Tuesday for another test as Hurricane Zeta, the 11th hurricane of the season, entered the Gulf of Mexico.BP, Chevron and Equinor evacuated oil workers and Royal Dutch Shell paused…

Gulf of Mexico: LLOG Finds More Oil at Spruance. Eyes Tieback to EnVen's Platform

Oct 27, 2020

U.S. Gulf of Mexico focused oil company LLOG on Monday reported 'continued successful drilling results' at its Spruance offshore discovery, as well as the finalization of development plans for the field. The Spruance discovery is located in…

U.S. Offshore Oil Workers Flee from Rigs as Another Storm Heads for Gulf of Mexico

Oct 26, 2020

Oil producers on Monday were evacuating offshore production platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened overnight and looked likely to threaten the United States as a hurricane.BP, BHP Group Ltd, Chevron Corp…

Gulf of Mexico: BP Evacuates Offshore Workers Ahead of Storm

Oct 26, 2020

BP on Sunday said it has begun to evacuate four offshore U.S. Gulf of Mexico oil platforms and secure facilities as Tropical Storm Zeta sprang up in the Caribbean Sea.The 27th named storm of this year's Atlantic Hurricane season, Zeta strengthened…

Production Starts from Talos' Bulleit Field in Gulf of Mexico

Oct 20, 2020

U.S. oil and gas company Talos Energy has started producing oil from its Bulleit field, in the Green Canyon 21 block in the U.S. Gulf of Mexico.The news of the production startup from the field sitting in 365 meters water depth was shared on Monday by Talos' partner in the block…

Grounded Offshore Rig Limits Sabine Pass Ship Traffic

Oct 20, 2020

The U.S. Coast Guard said on Monday that a large semi-submersible rig drifted into and ran aground in the Sabine Bank Channel, limiting vessels entering the Sabine-Neches Waterway to those with a maximum draft of 32 feet (9.8 meters).The waterway…

Current News

Norway: Around 260 Schlumberger Workers Set to Strike over Pay

Norway: Around 260 Schlumberger Workers Set to Strike over Pay

DNV GL Suspends Nord Stream 2 Pipeline Work for Fear of U.S. Sanctions

DNV GL Suspends Nord Stream 2 Pipeline Work for Fear of U.S. Sanctions

Australia: Melbana Energy Expands Offshore Acreage Near Beehive Prospect

Australia: Melbana Energy Expands Offshore Acreage Near Beehive Prospect

BP, Ithaca Energy Bring Online Vorlich Offshore Field

BP, Ithaca Energy Bring Online Vorlich Offshore Field

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